David Einhorn - Greenlight Capital Portfolio (Dec 31, 2023)

As of Dec 31, 2023, the Greenlight Capital oversees a portfolio valued at approximately $2.05B, featuring 40 publicly traded holdings. This in-depth profile highlights the top investments led by Microsoft (MSFT), Berkshire Hathaway (BRK-B), Waste Management (WM), and others—drawing on its latest SEC filings as of Feb 14, 2024. Explore insights into portfolio composition, allocation strategies, and recent trade activity.

Key metrics revealing investment style, risk management, and performance characteristics

Metric	Value	Category	Description
Holding Period	9.4 months	Style	Average duration positions are maintained
Position Count	45	Style	Number of active positions in portfolio
Position Size	1.3%	Risk	Typical allocation per position
Win Rate	53.0%	Performance	Percentage of profitable positions
Average Return	96.1%	Performance	Mean return across positions
Sharpe Ratio	0.18	Performance	Return per unit of risk taken

Investment Case Study: GREEN BRICK PARTNERS INC (GRBK)

12/31/2014 - 9/20/2025

Total Return: 59.53%

Holding Period: 3916 days

Max Position Size: $592,369,623.00

Position Weight: 21.15%

12/31/2014: ENTRY(15,641,805.00 shares) @ $0.01

6/30/2015: INCREASE(8,476,863.00 shares) @ $0.01

3/31/2021: DECREASE(-6,700,000.00 shares) @ $0.02

3/31/2022: DECREASE(-376,857.00 shares) @ $0.02

9/30/2022: DECREASE(-131,850.00 shares) @ $0.02

3/31/2023: DECREASE(-309,453.00 shares) @ $35.06

9/30/2023: DECREASE(-4,258,125.00 shares) @ $41.51

12/31/2023: DECREASE(-937,500.00 shares) @ $51.94

Entry Context: Initial position established based on fundamental analysis

Sector Conditions: Favorable market conditions in the sector

Risk Factors: